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Octopus Admits Receiving $44M for Data

RFID—HONG KONG

July 26, 2010

Octopus Holdings says it has been paid HK$44 million since January 2006 for providing personal information on its clients, the San Francisco Chronicle reports. Privacy Commissioner for Personal Data Roderick Woo Bun today launched an investigation of the electronic payment services company, which says it provided nearly two million customers' personal data to six companies, though it will cease the practice moving forward. The company's largest shareholder, MTR Corp., said the company needs to "fully cooperate with the relevant bodies, taking solid steps to eliminate the concern in the minds of the people." Octopus has said it will conduct a three-month comprehensive review of its handling of personal data, which Woo says should be transparent.
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